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2796
Which of the following is not a function of an insurance company?
  • A. pooling resources together against risks
  • B. Mobilization of funds through premiums collected
  • C. Encouragement of investment by security of capital
  • D. collection of deposits from the public for investment
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2797

A debenture holder earns

  • A. commission
  • B. profits
  • C. fixed interest
  • D. quasi-rent
View Answer & Discuss (3) WAEC 2013
2798
All economic systems must decide what to produce because
  • A. resources are not available
  • B. consumers want maximum satisfaction
  • C. resources are limited in supply
  • D. producers want maximum profit
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2799
Trade between two countries is known as
  • A. bilateral trade.
  • B. bilateria trade
  • C. multilateral trade
  • D. internal trade
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2800
In the balance of payments of a country, tourism is classified under
  • A. capital account
  • B. invisible trade
  • C. merchandise trade
  • D. official reserves
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